Law, politics, and finance [electronic resource] / Thorsten Beck, Asli Demirguc-Kunt and Ross Levine.
Material type:
TextSeries: Policy research working papers (Online) ; 2585. | World Bank e-LibraryPublication details: World Bank, Development Research Group, Finance, [2001]Subject(s): Commercial law | Financial institutions -- Law and legislation | International finance -- Law and legislation | Law and economic developmentAdditional physical formats: Beck, Thorsten.: Law, politics, and financeLOC classification: HG3881.5.W57Online resources: Click here to access online Also available in print.Summary: A country's legal origin, whether British, French, German, or Scandinavian, helps explain the development of its financial institutions today. Legal systems differ in their ability to facilitate private exchanges and to adapt to support new financial and commercial transactions. A country cannot change its legal origin, but it can (with considerable effort) reform its judicial system by emphasizing the rights of outside investors, by providing more certain and efficient contract enforcement, and by creating a legal system that adapts more readily to changing economic conditions.
"April 2001."
Title from title screen as viewed on Sept. 12, 2002.
Includes bibliographical references (p. 42-45).
A country's legal origin, whether British, French, German, or Scandinavian, helps explain the development of its financial institutions today. Legal systems differ in their ability to facilitate private exchanges and to adapt to support new financial and commercial transactions. A country cannot change its legal origin, but it can (with considerable effort) reform its judicial system by emphasizing the rights of outside investors, by providing more certain and efficient contract enforcement, and by creating a legal system that adapts more readily to changing economic conditions.
Also available in print.
Mode of access: World Wide Web.
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